Aaron Kirman of John Aaroe Group Sells Contemporary Hollywood Hills Estate for $30 Million

Aaron Kirman of John Aaroe Group Sells Contemporary Hollywood Hills Estate for $30 Million

Deal Captures Momentum of Aaroe Estates Division

BEVERLY HILLS, Calif., Jan. 15, 2014 /PRNewswire/ -- Aaron Kirman, president of Aaroe Estates, the luxury property division of John Aaroe Group, announced the sale of one of the highest-profile estates in the Hollywood Hills' Mt. Olympus neighborhood for $30 million. The transaction, in which Mr. Kirman and Aaroe Estates represented the seller, sets a record price in the Hollywood Hills for the exclusive Mt. Olympus location.

Oscar-nominated film producer and Silicon Valley scion Megan Ellison, whose movies including "Zero Dark Thirty" and "American Hustle," bought the main three-acre site and adjacent undeveloped land for a total of 8-plus acres. Overlooking the Sunset Strip on one of the area's few remaining promontory sites, 1 Electra Court boasts stunning views from downtown Los Angeles to the Pacific Ocean, and has been the site of countless celebrity parties and movie, television and photo shoots.

The six-bedroom, eight-bath home offers 9,204 square feet of private, contemporary living space designed by architect Richard Schwarz in 1990. The estate's striking modern lines and extravagant outdoor living spaces embrace the southern California lifestyle, and were featured in the 2009 comedy film "I Love You, Man."ÃÂ

"This is the ultimate contemporary Hollywood dream home," said Mr. Kirman, one of the country's top-producing agents known for his extensive A-list clientele. "It has amazing 360-degree views, combined with privacy and California-style luxuryÃ¢ÂÂheated balconies, floor-to-ceiling windows, two guest apartments, a pool with grotto, and a volleyball court." ÃÂ ÃÂ

The grand entry, with its extraordinary scale, sets the estate's tone by creating the feel of a private enclave in the heart of the city. A step-down living room offers casually elegant entertaining space enhanced by a marble fireplace and dedicated bar. The formal dining room, office and media room are flanked by additional suites, which can be used as recording studios, guest quarters or offices. The site includes private parking for 25 cars, and the adjacent acreage would allow for additional residential development. For additional images of the estate, visit https://www.dropbox.com/sh/uln03gjs67e9oml/A3raWw2ea7.

The Hollywood Hills estate transaction illustrates the remarkable growth of John Aaroe Group's Estates Division since its launch eight months ago. Aaroe Estates, which leverages national and international alliances to bring its exceptional properties to elite buyers worldwide, has doubled its exclusive listings to more than $700 million.ÃÂ

"We've seen tremendous momentum in the West Side real estate market from Malibu to the Hollywood Hills in 2013 in all segments of the estate market from $5 million and up," said John Aaroe, founder and Chief Executive Officer. "In the $10 million-plus segment, we've seen a sales increase of more than 10 percent year over year, and the exclusive $20 million and up segment has seen similar strength through December. This transaction is part of the trend we're seeing toward exclusive view homes in the Hollywood Hills, which have been in great demand from buyers seeking privacy with proximity to all of the nightclubs, restaurants, shopping and other amenities that the area has to offer."ÃÂ ÃÂ

About Aaron KirmanMr. Kirman is renowned for his representation of some of the country's most significant estate and architectural properties, including residences by Koenig, Shindler, Lautner, and the only Neimeyer in North America. Mr. Kirman has represented such unique southern California estates as Frank Lloyd Wright'sEnnis House, Richard Neutra's Kaufmann Residence, and Paul Williams' Lions Gate. During his career, Mr. Kirman has sold more than $1 billion of residential real estate to a group of select clients including A-List celebrities, heads of industry, foreign investors and royalty. While he specializes in exclusive properties from Beverly Hills to Malibu, he has represented buyers and sellers worldwide. Mr. Kirman currently represents $650 million in luxury estate inventory. For more information on Aaron Kirman, please visit www.aaronkirman.com.

About John Aaroe GroupJohn Aaroe Group is a leading real estate brokerage specializing in high-end property in the greater Los Angeles area. The company has represented some of the region's most prestigious properties, and offers in-depth knowledge through its offices in Beverly Hills, Brentwood, the Sunset Strip, Sherman Oaks, Pasadena, and downtown Los Angeles. The company also serves an international clientele through Aaroe Estates. Founded by John Aaroe in 2009, John Aaroe Group is known for its agents' dedication to impeccable service, as well as for Mr. Aaroe's three decades of experience representing buyers and sellers of select residences. Mr. Aaroe has been named "One of the Most Powerful People in Residential Real Estate in 2013" by the Swanepoel Power 200, along with industry leaders at the National Association of RealtorsÃÂ®, Zillow, Redfin and Berkshire Hathaway's HomeServices.